Items (12 items) (Drag and drop into the appropriate area below) the purchase of

ID: 1136021 • Letter: I

Question

Items (12 items) (Drag and drop into the appropriate area below)

the purchase of a used couch on Craigslist

an increase in Apple's inventories of iPads

commission paid to E-Trade because they facilitated a stock trade

gambling services provided to tourists by Las Vegas casinos

a Netflix subscription

the sale of bolts to Ford to be used on the tires of the vehicles they sell

the sale of a song written by a Californian to a customer in Kansas

billions on new highway construction

the purchase of coconut milk from the Dominican Republic

a new tractor purchased by a farmer

the salary of the chief of police

the sale of oranges to Canada

(1) Purchase of used couch - Not included

[Transaction in used goods is not included in GDP]

(2) Increase in Apple's inventory - Investment

(3) Commission paid to E-trade - Consumption

(4) Gambling services provided to tourists - Consumption

(5) Netflix subscription - Consumption

(6) Sale of bolts to Ford - Not included

[Since intermediate goods are excluded from GDP]

(7) Sale of a song - Consumption

(8) Billions on new highway construction - Government spending

(9) Purchase of Coconut milk from Dominion Republic - Net exports

[Since this is an Import]

(10) Salary of chief of police - Government spending

(11) New tractor by farmer - Investment

(12) Sale of oranges to Canada - Net exports

[Since this is export]

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